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• 100% technical buy signals
• 14 new highs and up 18.99% in the last month
• 53.20+ Weighted Alpha

The Chart of the Day belongs to the farm and heavy construction machinery company Terex (TEX). I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on  1/11 the stock gained 15.82%.

(Click on image to enlarge)

TEX Price vs Daily Moving Averages

Terex Corporation manufactures and sells aerial work platforms and materials processing machinery worldwide. It operates in two segments, Aerial Work Platforms (AWP) and Materials Processing (MP). The AWP segment designs, manufactures, services, and markets aerial work platform equipment, utility equipment, and telehandlers under the Terex and Genie brands. Its products include portable material lifts, portable aerial work platforms, trailer-mounted articulating booms, self-propelled articulating and telescopic booms, scissor lifts, utility equipment, and telehandlers, as well as related components and replacement parts for construction and maintenance of industrial, commercial, institutional, and residential buildings and facilities, utility and telecommunication lines, construction and foundation drilling applications, and other commercial operations, as well as in tree trimming and various infrastructure projects. The MP segment's materials processing and specialty equipment includes crushers, washing systems, screens, trommels, apron feeders, material handlers, pick and carry cranes, rough terrain cranes, tower cranes, wood processing, biomass and recycling equipment, concrete mixer trucks and concrete pavers, conveyors, and related components and replacement parts under the Terex, Powerscreen, Fuchs, EvoQuip, Canica, Cedarapids, CBI, Simplicity, Franna, Terex Ecotec, Finlay, Terex Washing Systems, Terex MPS, Terex Jaques, Terex Advance, ProStack, Terex Bid-Well, MDS, and Terex Recycling Systems brands and business lines. Its products are used in construction, infrastructure, and recycling projects; quarrying and mining, and material handling applications; maintenance applications to lift equipment or material; and landscaping and biomass production industries. The company offers financing solutions to assist customers in the rental, leasing, and acquisition of its products. Terex Corporation was incorporated in 1986 and is based in Norwalk, Connecticut.

Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.

Barchart Technical Indicators:

• 100% technical buy signals
• 53.20+Weighted Alpha
• 23.79% gain in the last year
• Trend Seeker buy signal
• Above its 20, 50 and 100 day moving averages
• 14 new highs and up 18.99% in the last month
• Relative Strength Index  73.45%
• Recently traded at $54.32 with 50 day moving average of $46.25

Fundamental Factors:

• Market Cap $ 3.67 billion
• P/E 11.83
• Dividend yield .96%
• Revenue expected to grow by 2.30% this year and another 1.70% next year
• Earnings estimated to increase 10.60% this year, an additional 4.00% next year, and continue to increase at an annual rate of15.10% for the next 5 years

Analysts and Investor Sentiment -- I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:

• Wall Street analysts have 3 strong buy, 4 buy, 10 hold and 2 under perform opinions in place on this stock
• Analysts have price targets from $38 to $64
• Value Line gave a Timeliness rating of 1 ( their highest rating) and 3 to 5 year price targets of $68 - $100
• CFRA's MarketScope gives it a Hold rating
• 11,150 investors monitor the stock on Seeking Alpha

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